100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Personal Finance WISE Test Questions and Answers Already Passed $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Personal Finance WISE
  4.  
  5. Personal Finance WISE

Exam (elaborations)

Personal Finance WISE Test Questions and Answers Already Passed
 8 views  0 purchase
  • Course
  • Personal Finance WISE
  • Institution
  • Personal Finance WISE

Personal Finance WISE Test Questions and Answers Already Passed What does inflation refer to? A. The decrease in prices of goods and services B. The level of income received from investments C. The rise in the general price level of goods and services D. The amount of interest earned on...

[Show more]

Preview 3 out of 16  pages

Document information

  • August 1, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • personal finance wise test questions and answers

Written for

  • Personal Finance WISE
  • Personal Finance WISE

Seller

avatar-seller
BrilliantScores

Reviews received

Content preview

1 Personal Finance WISE Test Questions and Answers Already Passed What does inflation refer to? A. The decrease in prices of goods and services B. The level of income received from investments C. The rise in the general price level of goods and services D. The amount of interest earned on savings ✔✔C. The rise in the general price level of goods and services How is the time value of money best described? A. The appreciation of money due to market fluctuations B. The growth in the value of money from earned interest or dividends C. The re duction in value of money over time D. The immediate cash value of investments ✔✔B. The growth in the value of money from earned interest or dividends 2 What does a balance sheet show? A. Your income and expenditure for a specific period B. You r assets, liabilities, and net worth C. The interest earned on your savings D. The total amount of your credit card debt ✔✔B. Your assets, liabilities, and net worth What does the principle of "paying yourself first" involve? A. Saving a port ion of your income before covering any expenses B. Spending all your income on immediate needs C. Using savings to pay off credit card debt D. Investing all your earnings in high -risk assets ✔✔A. Saving a portion of your income before covering any expenses What is a commission in financial transactions? A. A fee for consulting services 3 B. The cost of purchasing stocks or bonds C. The fee charged by a brokerage firm for buying or selling securities D. The tax applied to investment earnings ✔✔C. The fee charged by a brokerage firm for buying or selling securities What does "potential earning power" refer to? A. The total amount spent on education and training B. The income you could potent ially earn over time C. The amount of money currently in your bank account D. The value of assets owned ✔✔B. The income you could potentially earn over time What is meant by a finance charge? A. A fee for late payment of credit card bills B. The total interest paid for using credit C. A charge for checking account maintenance

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller BrilliantScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart